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Credit Score in Oregon : Real Estate Advice

  • All142
  • Local Info6
  • Home Buying78
  • Home Selling15
  • Market Conditions4

Activity 12
Sat Sep 20, 2014
Beau Crotwell answered:
I have a good working relationship with Allyson Edmonds from Rising Point Solutions. She does great follow up and has a short term effective program to get your credit back in shape.

Her contact info:

Allyson Edmonds
817-381-6986
allyson@risingpointsolutions.com
... more
1 vote 3 answers Share Flag
Thu Jan 16, 2014
answered:
Hi Yadaska,

I would welcome the opportunity to explore your loan options with you. If your current credit scores or judgments prohibit a mortgage loan today, we can discuss strategies for improving your eligibility for different loan types in the near future. ... more
0 votes 5 answers Share Flag
Mon Dec 9, 2013
Dan Tabit answered:
Jsaul,
I was a licensed lender for many years, but I'm not one now. Unless things have changed the rate will be based on the middle score of the lower scoring borrower. Rates on these types of loans is very low and if you have equity shouldn't be in impediment to getting one. Your first step should be to talk to someone where you do your banking to see what they have to offer and ask specific questions from there.
I also wouldn't rely on your score for decision making. Many sources available to the consumer are not in agreement with what a lender will obtain. The lenders scores could be higher or lower.
... more
0 votes 1 answer Share Flag
Wed Jul 31, 2013
Michael Abramsky answered:
http://www.creditfirm.net
No Up-Front Fees
Low monthly fee: $39.95/month
100% CROA Compliant
Registered Credit Services Organization
A - BBB Rating (0 complaints)
Founded in 1997

This program includes:
- Personal Credit Consultant
- Custom in Depth Credit Review
- Unlimited Credit Bureau Disputes
- Unlimited Inquiry Disputes
- Unlimited Personal Information Variance Disputes
- Unlimited Good Will Interventions
- Unlimited Escalated Info Requests
- Unlimited Debt Validations
- Unlimited Procedural Compliance Verfification
- Collection Agency Defense Program
... more
0 votes 7 answers Share Flag
Fri Jun 14, 2013
Kevin Sucher answered:
Hi Tran,

Don’t overlook getting seller financing to get you into your own home. With good down payment, employment history and a collection account setup it can be safe, help repair your credit and get you in a home now.

Kevin Sucher
Principal Broker
503-214-4139
ksucher@prunw.com
... more
0 votes 7 answers Share Flag
Mon Apr 29, 2013
answered:
Good evening joaneason11,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 2 answers Share Flag
Fri Apr 26, 2013
answered:
Brian:

Unfortunately not. Lenders require 620-640.. If you need help improving your credit scores please visit my blogs here on Trulia or you can contact my office. We guarantee to improve your credit scores so that you can qualify for a mortgage.

Best of Luck;

Christina Solorzano;
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
Ex-Mortgage Banker of 10 years
http://www.everlastingcredit.com
... more
0 votes 8 answers Share Flag
Sun Apr 29, 2012
answered:
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm


The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.


Trevor Curran
NMLS #40140
... more
0 votes 4 answers Share Flag
Sun Apr 29, 2012
answered:
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm


The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.


Trevor Curran
NMLS #40140
... more
0 votes 9 answers Share Flag
Mon Jan 9, 2012
Spirit Messingham answered:
It is a free conversation to get pre-approved, pre-qualified. Seek out a "good" local lender, sit down with them. They will show you where you both are at combined, and where you need to be. If needed, they will share what to work on, so that in time home ownership can be part of your future. There are different credit scores out there, FICO is what counts towards mortgage along with many other factors (how long at your present address, debt to income ratio, and etc). Dont let any mortgage lender tell you this should cost you up front, there are plenty that provide it free. It is in their best interest to get you pre-approved, pre-qualified in this market so that you can buy a house, and maybe use them in the process.

Best of luck. Getting pre-approved should be a buyer's first step in today's real estate market.

Spirit
... more
0 votes 5 answers Share Flag
Tue Nov 10, 2009
Shelby Bateson answered:
While FHA does not officially have a minimum FICO score, as previously answered, lenders almost all have minimum scores. Contrary to the first answer, most lenders here in Oregon do offer better rates for borrowers with better scores, and most lenders do have a minimum of between 620 - 660. The best rates are often offered for those with a score of 680 and up. If your score is lower than 660, some lenders will not do the loan at all, while others will charge a higher rate, and will have a minimum score they will accept. ... more
0 votes 3 answers Share Flag
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